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Asian cryptocurrency exchange Okex says peer to peer trading is now open, but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is also now active, but fails to provide a timetable for resuming withdrawals. In a previous tweet, the CEO reassures customers that their funds are safe and withdrawals will begin as soon as possible.
On October 15, Okex announced the suspension of cryptocurrency withdrawals after an anonymous private key holder was taken into custody by law enforcement. However, since the withdrawal of withdrawals, reports have emerged that assumed large BTC withdrawals shortly before the freeze was announced.
The CEO of Okex has, however, released statements reject such reports. However, anxious customers of Okex express dissatisfaction with the exchange’s failure to disclose details about the progress of the ongoing investigation.
On Twitter, users are venting their anger as they question the wisdom of the latest announcement that peer to peer trading is now open. A user named Maciek_sk questions the logic of asking clients to continue trading when cashing out is not possible. In his response to Hao’s tweet, the user explains:
It makes no sense to be active on the stock market from which you cannot withdraw your funds. It does not make sense. I fear it will lead to withdrawal from this platform.
Similarly, another user not only asks the same question, but also takes care of the exchange’s management of private keys. He asks:
What is the purpose of trading when we can’t even withdraw? and how the hell can a person get Okex to suspend withdrawals?
“Guys, are you bullshit us or what? If you can’t even guarantee the safety of funds and continuous service, why bother making a trade? “the user continued.
Meanwhile, in a surprising move, Justin Sun’s Tron Foundation has announced that it will allow TRX holders with frozen funds on the exchange to cash out their tokens via a specially designated account.
It is unclear what prompted the Tron Foundation, although a statement on the organization’s Medium page says they “have decided to take on their greater responsibilities in the industry and give users access to TRX’s 1: 1 unlimited pickup on Okex . This decision will take effect as soon as it is announced. “
According to the Tron Foundation, this campaign “aims to help TRX holders protect their assets”.
What do you think of Okex’s management of private keys? Tell us what you think in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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